OTCPK:GBGPF - Post by User
Post by
MartialArtson Feb 28, 2018 11:45am
132 Views
Post# 27636547
My tendering strategy for CMED to ACB
My tendering strategy for CMED to ACB
If you are longer term, tender your shares but make sure you don't sell them afterwards.
If you aren't long term, don't tender them and trade them.
Beware, if you don't tender them and Aurora accelerates the "Improved Offer Take Up Date" as they are allowed to do, you might end up with CMED shares in limbo and uncertainty is never good for share prices generally.
PRO, you said on the ACB board that you bet that Aurora will accelerate the take-up date and I agree with you. Why aren't you making the bet here on CMED as well?
So if they do accelerate the take up date now that the Competition Bureau approval was received, the March 7/9 deadline might happen sooner. I wouldn't bet on that like you are willing to do but I wouldn't bet against either!
At this point in time, if you plan to tender, it's not safe to wait. You might get a bad surprise. And I would actually speculate they would accelerate it to March 6th with broker notices to be in by March 4th which is Sunday so March 2nd Friday. Just a hunch. But again, I wouldn't bet on it.